GLUL3033 COMPANY LAW

the assignment must have Introduction Contents (Issues, Law/ Authority/ Application) Conclusion References. Preferably in the form of PowerPoint or Word

Question:

Imagine that you are a legal advisor and a client came to see you for some legal advices on the followings: (only iii. is Required)

i. & ii. are NOT required: i. Tubo Energy Sdn Bhd would like to have 57 shareholders. ii. Mr Radzi had been making secret profit while he was a director at Kelim Bhd (KB). He also transferred all those profit to another company X where Mr Radzi is its sole shareholder and director. Company X refused to surrender anything to KB as Mr Radzi was the offender and not Company X.

Required: iii. Would a pre incorporation contract bind a newly incorporated company?